E3.246 The Relevant Company Seeking Investment From The VCT Must Be Unquoted

Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.2 Venture Capital Trust schemes (VCTs) /Qualifying holdings of a VCT / E3.246 The relevant company seeking investment from the VCT must be unquoted

Commentary

Personal and employment tax

The relevant company (see E3.245) must be an unquoted company. This means that none of its shares, stocks, debentures or other securities are marketed to the general public¹.

Securities are marketed to the general public if they are²:

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D6.503 International movement of capital—reportable transactions and events

E4.507S Operation of the charge on securities with artificially enhanced market value

A4.204 Claims procedure—corporation tax

I3.367 Fall in value relief—changes in interests in land

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

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